94%
what's the highest tax rate in the us? hint: it's not 38%. it's 94%. i guess i should have asked, what's the highest "tax" rate. note the quotes. cause this particular tax isn't called a tax. though it's functionally equivalent. i explain. it may be a bit of a surprise to people, but the us government doesn't actually print money. neither literally print money nor less literally by editing its bank accounts. printing money is the job of the federal reserve. and they do both literally print money and edit bank accounts. at the end of the year, the federal reserve turns over the profits from all the money it printed. except for a guaranteed 6% dividend. which is sort of the federal-reserve-as-business way of looking at things. the other perspective is to call it a tax on profits made from the business of printing money. now, the federal reserve is composed of all of the wealthiest people in the world. seems like we could raise taxes on them to say 99% and they'd still be the wealthiest people in the world. the result would be a shift in wealth from the wealthiest elite to everyone else. and the norquist crowd shouldn't have a problem with it. cause after all, it's a cut to dividends, not a tax.